Wednesday, 26 June 2019 14:48

56% of home buyers are single, says FNB

FNB Home Finance has revealed that the number of single applicants who bought residential property through the Bank increased from 48% to 56% between 2016 and 2018.

Buying a new home continues to become more affordable as weakening housing demand results in ongoing negative real price growth (after inflation) in the residential property market.

Although a date is yet to be set for the implementation of the looming Rental Housing Amendment Act, many of the proposed changes, including criminal liability for non-compliant landlords, have sparked considerable concern.

Property statistics for the second quarter (Q2 2018) released by ooba, South Africa’s leading home loan originator, indicate that banks remain positive about the home loan lending environment despite continuing negative real growth in average property prices nationally.

Brackenfell, thought by many property trend watchers to be the precinct that now offers the best value for money and the best capital growth prospects.

Cape Town’s De Waterkant area is renowned for its central location, history, restaurants, shopping and all-round accessibility – and now property buyers have a rare opportunity to enjoy it all at close quarters.

White buyers for the first time make up less than 50% of the local home-buyer population in the fourth quarter of last year, according to FNB's latest estate agent survey.

The current lending climate is tough for first time buyers particularly with the stringent National Credit Act requirements and the worldwide recession affecting banks and how strict they are when it comes to approving home loans.

Thursday, 27 September 2012 13:59

Eastern Cape Farm interest improving

The worldwide economic recession has had a severe impact on farm sales countrywide, and the Eastern Cape’s farm sector has suffered accordingly. Gone are the days when buyers arrived with open cheque books and bought whatever they could.

Tuesday, 29 March 2005 02:00

Developers hamstrung by SARS

DEVELOPERS were up in arms this week after the Johannesburg office of the South African Revenue Services (SARS) allegedly refused to grant transfer duty receipts to property buyers whose tax affairs were not in order.

Most Popular

Tshwane Regional Mall Grand Opening date set

Aug 31, 2019
  TSHWANE REGIONAL  MALL
24th October 2019, the long-awaited day earmarked for the grand opening of Tshwane…

Attacq Ltd and Tricolt break ground on Ellipse Waterfall

Aug 30, 2019
 13 2
Today Attacq Ltd the JSE listed REIT developing Waterfall City, and Waterfall Logistics…

Founder Marc Wainer retires from Redefine Properties

Aug 31, 2019
 MARC WAINER
JSE listed diversified real estate investment trust Redefine Properties today announced…

Redefine Properties appoints Daisy Naidoo as independent non-executive director

Aug 30, 2019
 STRATE 1
Redefine Properties appoints Daisy Naidoo as independent non-executive director.

Eris Property Group appoints successive CEO Barend de Loor

Aug 30, 2019
 BAREND DE LOOR
Eris Property Group has appointed a new Chief Executive Officer (CEO). Barend de Loor…

Please publish modules in offcanvas position.